Explanation
BACKGROUND: The Columbus Department of Development is proposing to enter into a Jobs Growth Incentive Agreement with Unique Leasing, Inc. and Reynolds Transportation, Inc. equal to twenty-five percent (25%) of the amount of personal income tax withheld on new employees for a term of five (5) years. Unique Leasing, Inc. will make an investment of approximately $1,770,000 which includes acquisition costs, real property improvements, machinery and equipment while Reynolds Transportation, Inc. will relocate and retain 37 full-time jobs, and create 43 new full-time permanent positions in the City of Columbus.
Unique Leasing, Inc. is a family owned trucking business operated by Dennis and Donna Reynolds, a husband and wife team, headquartered in San Antonio, Texas. The company provides truck freight transport services for a variety of customers, hauling goods through most of the lower United States and Canada. Unique Leasing, Inc. is divided into four different operations, kosher food grade, food grade, non- food grade and crude oil hauling. Mr. Reynolds started in the transportation business about forty years ago with one truck, which has grown into several locations including: New Castle, Delaware, Mattoon, Illinois, London, Ohio, Hereford, Houston, San Antonio, and Stephenville, Texas. Reynolds Transportation, Inc. is the payroll services of Unique Leasing, Inc. that is responsible for paying all of the employees, as well as manages their correspondent benefits. Reynolds Transportation, Inc. is owned and operated by Dennis and Donna Reynolds.
Unique Leasing, Inc. is proposing to relocate and expand its trucking operation from London, Ohio to the City of Columbus on property further known as 3879 Fisher Road, to meet its increased growth and consumer demand.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into a Jobs Growth Incentive Agreement with Unique Leasing, Inc. and Re...
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